Online Security Breach, India is on 4th Rank

Apr 28, 2017 | 6:54 pm

Published by | Chandan Singh

Because the risk of internet/web/cyber threats looms over businesses going digital, a Symantec study reveals that India ranks fourth when it comes to online security breaches, accounting for over 5% of global danger detections. The united states and China occupy the very best two slot and together make for almost 34%, accompanied by Brazil and then India.

The year 2016 saw a resurgence of the email as an attack route, multi-million-dollar virtual bank heists, ransomware and new frontiers like IoT and cloud getting subjected to threats. Although China has managed to bring down hacks from practically 24% in 2015 to under 10% in 2016, India saw situations of fraud increase from 3. 4% in 2015 to five. 1% in 2016.

The year 2016 saw a resurgence of the email as an attack route, multi-million-dollar virtual bank heists, ransomware and new frontiers like IoT and cloud getting subjected to threats. Although China has managed to bring down hacks from practically 24% in 2015 to under 10% in 2016, India saw instances of fraud increase from 3. 4% in 2015 to five. 1% in 2016.

“Symantec uncovered proof linking North Korea to attacks on banks in Bangladesh, Vietnam, Ecuador and Poland. It was an extremely audacious hack and the first time we noticed strong indications of country state involvement in the financial cyber crime, ” said Tarun Kaura, director (solution product management -Asian-Pacific & Japan), Symantec. “While their sights were set even higher, the attackers took at least $94 million. ”

Yahoo’s data removes grabbed maximum eyeballs in 2016, following the company said in September that five-hundred million of its user accounts were compromised in 2014. In a few months, the company arrived out with the surprise that over a billion dollars user accounts were affected rendering it the most significant data breach ever been reported.

Symantec data reveals that within the last 8 years, more than several billion online identities have been stolen in data breaches. In 2016, more than 1. 1 billion dollars identities were stolen in data breaches, almost twice the number stolen in 2015 (563 million taken identities).

The use of email as a contamination point also rose, becoming a weapon of choice for cyber criminals and a dangerous threat to users. According to Symantec, 1 in 131 email messages contained a malicious hyperlink or attachment -the greatest in five years. Organization email compromise (BEC) scams, which rely on little more than carefully made up spear-phishing emails -scammed more than $3 billion from businesses over the previous three years, targeting more than 400 businesses every day.

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